Offshoring and the “Country of Origin” Rule: What it means for businesses

Fitch Ratings recently reports that Chinese manufacturers are increasingly investing in production facilities abroad to navigate trade barriers and geopolitical tensions. This trend, aimed at enhancing supply-chain resilience and market share, began in 2018 as companies started shifting away from China. These investments are not limited to low-cost regions; the ASEAN countries, the EU, and the US are notable targets for sectors ranging from traditional manufacturing to high-tech and electric vehicles….